Noodle Partners’ model is efficient, helping partner universities enjoy a $15,000 to $30,000 per-student savings over OPM-managed programs of similar quality. For a single 45-credit program ramping to 300 student starts per year, we will save you and your students nearly $20 million over eight years.
Our basic approach is the fee-based model described below. But we also offer a temporary revenue share model for schools that would prefer to let us cover their upfront costs.
Designed to keep costs low and complement your internal resources, our fee-based model is transparent and simple.
Our fee structure is simple. We charge $12,000 per month to support the university, plus $6,000 for each degree program we manage. We’ve negotiated most-favored nation pricing with our providers, and will bill you quarterly for those expenses (which we will not mark up). Finally, we charge a fee of $4-68 per credit/hour, depending on total enrollment. Our fees and those of our providers will end up totaling about 30% of tuition.
These fees will vary depending on which services and technology you choose to provide internally vs. externally. We will bill you quarterly for the services of our providers, and pass along 100% of these fees to them.
Noodle Partners’ contracts are short-term (three years) and flexible. You choose which services you’d like us to provide (we’ll advise on the others), and for how long. This is compatible with an agile approach to online learning, in which one team handles marketing, recruiting, instructional design and student support for both online and on-campus programs.
On average, our fees will total 3-5% of tuition, and if you want a turnkey solution much like that of traditional OPMs, our providers’ services (marketing, recruitment, retention, instructional design, etc.) will average 30% of tuition. Please click here and we’ll set up a time when we can provide you with a more detailed projection of your costs.
While our fee-based approach yields favorable economics, the upfront capital needed to launch a high-quality program may not be accessible to all schools. In response, we offer a temporary revenue share option, in which we’ll invest the upfront capital to build and scale your programs in exchange for a share of tuition. We will revert to our standard fee-based model once that initial investment has been recouped. This option will allow you to put up little or no cash and assume very little risk.
Working with Noodle Partners will cost you considerably less than building your own programs or working with a traditional OPM.
Our investment in the NoodleBus helps us tie together various technologies and pull the data into our analytics tools efficiently.
The providers we bring together have invested over $1.5 billion in their technologies and services. They work to our specifications and give us exceptional pricing because we speak for ten of the best universities in the US.
As we add more schools to our network, our benchmark data gets more precise, and the synergies among the schools (for instance, working together to achieve better and quicker placement into clinical practices) becomes more evident.
Wall Street expects that each contract will bring an OPM $5 to $10 million a year in profit. Our target is an order of magnitude less; we will become a significant company only by being so good that we create a large network (which benefits each of the universities involved, as per above).
It invests our expertise and millions of dollars to help you create excellent online and hybrid programs that have a 30% cost advantage over competitive programs, to the benefit of your school and your students.